mortgage rates

Choosing the Right Rate and Program

July 1, 2015

There are a lot of different things to consider when selecting a mortgage.  It’s not as easy as “I’ll take the lowest rate today.”  There are things your loan provider should ask you as everyone’s situation is different and their goals in owning a home are different.  You may have done your “homework” and decided […]

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Qualifying for a Mortgage – Part 2

June 10, 2015

If you want to qualify for a mortgage in Arizona, the best place to start is at United Mortgage Financial Group. First, there is an application.  Then, a credit report is pulled to determine your eligibility and DTI.  DTI is debt to income ratio which should not be more than 38%.  Once everything is reviewed, […]

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Why Don’t Banks let you choose your own rate?

July 8, 2014

Wouldn’t it be nice to choose your own rate?  Well, you can.  In this edition of Arizona Mortgage News, local expert Mike Goblet of United Mortgage and Financial Group discusses what banks provide you during the mortgage process and why being armed with information prior to getting a mortgage can save your thousands of dollars. […]

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Changes for Mortgages in 2014

February 7, 2014

With “a lot of exciting changes going on in the mortgage industry,” local expert Mike Goblet of United Mortgage and Financial Group discusses what to expect in 2014 in this edition of Arizona Mortgage News. From qualified mortgages resulting from the Dodd‑Frank Bill of 2010 and who will be affected, to loan level adjustments, rate […]

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Are Closing Costs Really Going Up

August 22, 2013

In this video, Mike Goblet from United Mortgage Financial Group sets the record straight about closing costs. Matt OBrien:  Welcome back to another segment of Arizona Mortgage News, insider update. We have our local expert, Mike Goblet, of United Mortgage and Financial Group. Today, we’re going to talk a little bit about what’s going on […]

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Mortgage Rates Are on The Rise!

June 5, 2013

Here with another segment of Arizona Mortgage News with our resident local mortgage expert, Mike Goblet. What’s happening with mortgage rates today? Well, it’s been an exciting few weeks and actually if anybody’s been watching the news they may have even seen the national news broadcast that mortgage rates have crept up and the numbers […]

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How Much Money Down? Part 2

April 24, 2013

Matt O’Brien: We’re back with another segment of Arizona Mortgage News. We’re here with Mike Goblet of United Mortgage and Financial Group. We left off last time. We were talking about how much money to put down when buying a home. Mike, can you help us out with that one? Mike Goblet:  Right, Matt. Last […]

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How Much Money Down? Part 1

April 17, 2013

Matt O’Brien: We’re here with another Arizona Mortgage News Insider Update. I’m here with Mike Goblet. Mike, I know you get a lot of questions every day from people that are looking to get mortgages, either new homes or existing refinancing. What’s the top question of the week that you seem to be getting the […]

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Can I Refinance with New Low Rates?

April 10, 2013

Matthew OBrien: We are here with Mike Goblet from United Mortgage Financial Group. We’ve been having some interesting discussions, and Mike, you seem to get a question asked of you quite a bit. What is the most popular question that most people have when it comes to mortgages and refinance? Mike Goblet:  Well, particularly here in […]

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Where are Mortgage Rates in Phoenix Headed?

October 31, 2011

1) Where are Rates? On their way up. The EuroZone news that came out that they think they have solved the Greece debt issues has cause the stock market to rise over 500 points in the last 2 days. That sort of positive progression in the stock market almost always has a negative effect on […]

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Rates Hit a New 2011 Lows

June 7, 2011

Because of the bad employment numbers rates ticked down and today hit lows again for the year. 15 year par pricing is 3.5 and a 30 year is 4.25. We are helping lots of borrower right now strategize their mortgage liability by taking advantage of these lows and switching to a 15 year or an […]

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Mortgage Rates Lowest of 2011

May 9, 2011

A lot has happened since last weeks update: Rates are at the lowest level of 2011.   I can get a rate of 4.625 on a 30 year with no origination fee or discount fee, a 15 year a 3.75% with no origination fee or discount fee. Where are we going from here?  Starting June 1st […]

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New Government changes affect mortgage rates and costs

April 19, 2011

There have been some government changes in the industry this month – and not all good for you the consumer. FHA Monthly Mortgage Insurance premiums are going up .25%. This means about an extra $20 a month for every 100K you borrower.   That means less people will be able to qualify for underwriting and you […]

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Arizona Mortgage Rates in 2011

January 19, 2011

2011 has started off as 2010 ended – volatile. Rates have continued to rise, but don’t get me wrong, rates are still good, just not as good as they were in 2010.  I don’t expect them to return to those 2010 levels.  We expect that rates will continue to rise as the year progresses on […]

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The news has reported that mortgage hit new lows….is that really true?

November 12, 2010

This Nov the fed started their quantive easing strategy. Simply put Quanative easing is when the fed buys treasuries to try and help lower interest rates.  When this started the news started reporting that mortgage rates have hit new lows again.  Without a doubt mortgage rates remain near historic lows with par pricing on a […]

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Fall Mortgage Rates on the Move

September 27, 2010

Rates have remained low because of the unsettled state of the economy. The concern being are we going to double dip in a recession?  Most economists now feel that we will not double dip, but stay at this very low rate of growth.  What does that mean for you and mortgage rates…..we should stay bouncing […]

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July Mortgage Rates Explode

July 9, 2010

Well just when we thought mortgage rates couldn’t go any lower……….they do!!! Depending on your loan amount you could possibly do a 30 Year fixed with no points or origination fee at 4.375% and a 15 year at 3.875%! What you ask is driving down rates so much? In one word, uncertainty. The global economics […]

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Nation’s 3rd Largest FHA Lender Closes Up Shop

August 7, 2009

Taylor, Bean & Whitaker, the nation’s 3rd largest FHA lender shut down Wednesday due to allegations of wrong doing from HUD.  This leaves thousands of home owners who thought that they had their mortgage all squared away for their upcoming purchase scrambling to find new financing. This is an interview I did with Peter Busch […]

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The First-Time Home Buyer Tax Credit : Use It By December 1, 2009 Or Lose It

July 17, 2009

The government’s First-Time Home Buyer Tax Credit expires December 1, 2009. If you expect to use the program in conjunction with a home purchase, therefore, you may want to consider yourself officially “on the clock”. Assuming a 60-day window between contract and closing, there are now 77 days left to find a home and go under contract for it.

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Foreclosures Still Concentrated In Just A Few States

July 16, 2009

For the fourth consecutive month, the country’s foreclosure activity was dominated by a small number of states. As reported by RealtyTrac.com , more than 50 percent of the country’s foreclosure-related actions in June concentrated in just 3 states: California Florida Nevada The states rounding out the Top 10 include Arizona, Georgia, Michigan, Texas, Ohio, Illinois and Colorado. Meanwhile, June’s reported foreclosure figures are consistent with the data from earlier this year, suggesting that the foreclosure remedy plans put forth by the government and by lenders can barely keep pace with the national default rate.

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